Democratic Republic of São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe

International Monetary Fund

No 2009/106, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses a request from the Democratic Republic of São Tomé and Príncipe for a three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The economic outlook for 2009 is broadly favorable, but subject to significant risks. The program spans a period including major elections; the authorities’ ability to meet fiscal objectives and implement monetary policy will be key to the success of the program. IMF staff recommends approval of the new PRGF arrangement based on the country’s policy commitments.

Keywords: ISCR; CR; government; PRGF loan; PRGF program; deficit; US Millenium Challenge Corporation; PRGF arrangement; PRGF-supported program; Fiscal stance; Oil exports; Global; Africa (search for similar items in EconPapers)
Pages: 91
Date: 2009-04-01
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